Description
Fantastic investment opportunity! Move your business or start a new business and have rental income offset your expenses! Endless options on uses for this space. Office, medical suite, retail, gym, yoga studio, boutique, escape room, salon, the opportunities are limitless! End unit suites can be combined or used separately. Currently set up for 4 suites, but originally designed as 5. Center suite under lease through 2023. Remaining 4 suite occupied by one tenant. Tenant 1 occupies unit 3 since 2004. Rent = $1475/month. Lease end date 11/30/2023. Tenant 2 occupies units 1,2 and 4 & 5 since 2021. Rent = $2,940/month. Lease end date 7/31/2023. Total 2022 annual operating income = $52,980 per month with $13,395.00 operating expenses including taxes, insurance, maintenance, water, trash removal, and exterior maintenance. 6.8% cap as currently rented. This property has greater market rent potential. Newer construction with lots of paved parking off street.
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0BEDS
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0.58ACRES
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0BATHS
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01/2 BATHS
Description
Fantastic investment opportunity! Move your business or start a new business and have rental income offset your expenses! Endless options on uses for this space. Office, medical suite, retail, gym, yoga studio, boutique, escape room, salon, the opportunities are limitless! End unit suites can be combined or used separately. Currently set up for 4 suites, but originally designed as 5. Center suite under lease through 2023. Remaining 4 suite occupied by one tenant. Tenant 1 occupies unit 3 since 2004. Rent = $1475/month. Lease end date 11/30/2023. Tenant 2 occupies units 1,2 and 4 & 5 since 2021. Rent = $2,940/month. Lease end date 7/31/2023. Total 2022 annual operating income = $52,980 per month with $13,395.00 operating expenses including taxes, insurance, maintenance, water, trash removal, and exterior maintenance. 6.8% cap as currently rented. This property has greater market rent potential. Newer construction with lots of paved parking off street.
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